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See how verdicts work2-bedroom house · NR23 1BJ
Listing removedListed 214 days
Opportunity summary
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About
4–6 Chapel Yard is a charming mid terrace period cottage, constructed of limewashed brick beneath a pantiled roof.
It forms part of a row of seven Grade II Listed cottages and is believed to date from the early 19th century.
Tucked away in a quiet yard, the property nevertheless enjoys a highly convenient location just a short stroll from the Quay and the centre of the popular seaside town of Wells-next-the-Sea.
The spacious, extended ground floor accommodation comprises an entrance porch, a kitchen with a separate dining room, a cosy sitting room with a wood burning stove and a ground floor bathroom.
Upstairs, the landing leads to two bedrooms and a WC.
The property further benefits from gas-fired central heating, exposed brick and chalk walls and ceiling beams with sash windows to the front elevation.
Outside, the cottage has a paved frontage providing space for a bistro table and chairs, while to the rear there is a small, low-walled courtyard.
Unusually for a property so close to the town centre, it also benefits from a garage and a parking space - both highly sought after in this location.
Offered for sale with no onward chain, 4–6 Chapel Yard is ideally suited as a characterful permanent residence close to amenities or as a second home with potential for holiday lettings.
The town’s shops and facilities are just a short walk away. Furniture, fixtures and fittings are available by separate negotiation.
Wells-next-the-Sea has been a commercial and fishing port for nearly 600 years and still supports a thriving fishing fleet bringing in a catch of, predominantly, shellfish sold locally on the quayside and in nearby restaurants.
With a growing number of leisure craft moorings, a lively, sociable sailing club, harbour and sea fishing trips, the town caters for every type of water activity including “gillying” - crabbing on the quayside.
Situated a mile from the Quay, the extensive sandy beach is often ranked as one of the top 10 in the country by travel journals.
Set against a backdrop of Corsican pinewoods, the stunning beach is home to the much publicised, iconic colourful beach huts, which are available to buy or can be rented daily.
From the top of town down to the Quay, Staithe Street provides visitors and locals with a wide variety of shops, cafes, galleries and speciality food stores.
For entertainment, the recently opened Wells Maltings offers live entertainment and exhibitions, whilst alongside the Quay, are all the usual popular traditional seaside attractions.
Alongside coastal scenery, wildlife and water sports, the town has a primary and secondary school – both rated Good by Ofsted - as well as a library, doctor’s surgery and cottage hospital providing a range of accessible and integrated health and well-being services.
Mains water, mains drainage and mains electricity. Gas-fired central heating to radiators. EPC Rating Band n/a (exempt as Grade II Listed).
North Norfolk District Council, Holt Road, Cromer, Norfolk, NR27 9EN. Council Tax Band C.
Ground Floor The cottage is approached from the front via an entrance porch where there is a bench seat and ample space for boot storage etc.
A glazed door opens into the dining room with a feature fireplace, two built-in cupboards and doors leading to the kitchen, sitting room and rear lobby.
The sitting room has an impressive exposed brick fireplace with a wood burning stove, as well as a staircase leading up to the first floor landing.
The kitchen overlooks the rear courtyard and provides direct access outside, while the inner lobby offers space for coat hooks, an additional built-in cupboard and access to the ground floor bathroom.
First Floor The galleried landing leads to the two upstairs bedrooms and the cloakroom where the gas-fired boiler is located.
Outside 4-6 Chapel Yard is set back from the yard behind paved frontage providing space for a bistro table and chairs and leading to the entrance porch.
To the rear, there is a small, low walled courtyard with access leading behind the terrace to the property's own garage and a parking space.
Please note that as is common with period terrace properties in the town, the neighbouring property has a pedestrian right of way over the courtyard.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 4-6, Chapel Yard, Wells-next-the-Sea
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